Kwon Oh-gap, president and chief executive officer of Hyundai Heavy Industries (HHI), issued a New Year’s address, highlighting the company’s challenges and goals for 2015. As cited by HHI’s president, among the companies top challenges are “persisting global economic stagnation…
International accountant and shipping adviser Moore Stephens says shipping needs to adopt a can-do attitude in order to successfully meet the challenges which are likely to come its way in 2015. Moore Stephens shipping partner Richard Greiner says…
India government-owned Mormugao has lined up ambitious approx $500 million projects that include capacity augmentation schemes as part of its expansion plans.Mormugao Port Trust (MPT), the Centre-government owned major port at Goa has plans to award nine major projects for expansion…
Kvaerner North American Construction Inc. (a subsidiary of Kvaerner) has executed agreements today, with each of Longview Power, LLC, Siemens Energy Inc. and others regarding the disputes between them in both the arbitration proceedings concerning…
Egypt's government has paid Dana Gas $60 million, part of overdue receivables totalling $212 million, the Abu Dhabi-listed firm said in a statement on Sunday.Egypt has delayed payments to oil and gas firms as its economy has been hammered…
South Sudan's oil revenue last year was hit by reduced output because of conflict in the African republic and the rapid decline in oil prices, petroleum minister Stephen Dhieu Dau said in a statement seen by Reuters on Saturday.Oil is the main source of cash for South Sudan…
Mexico's government said on Friday that its latest 'gasolinazo,' or gasoline price spike, will be the only increase this year.The fuel price hike in the world's 10th biggest crude producer comes as slumping international oil prices have…
The euro fell on Friday, continuing the slide that saw the currency finish out 2014 at a 29-month low against the U.S. dollar, on expectations that the European Central Bank will soon embark on outright money-printing.Crude prices fell in a volatile session…
Global benchmark Brent crude oil closed down nearly a dollar a barrel Friday after a day of choppy trading despite expectations of new investments in the new year, as strong mid-day rallies in crude fizzled.Brent was down 91 cents at $56…
Euroseas Ltd. an owner and operator of drybulk and container carrier vessels and provider of seaborne transportation for drybulk and containerized cargoes, announced today that it received notice from the Nasdaq Stock Market LLC ('Nasdaq') dated December 30…
In a continued effort to provide quality services, CMA CGM group hereby informs of a Rate Restoration Program:Effective February 5th, 2015:From India, Pakistan and Sri Lanka ports to North Europe, Med Sea, Scandinavia, Baltic, Black Sea…
Teekay GP LLC, the general partner of Teekay LNG Partners L.P. has declared a cash distribution of $0.70 per unit for the quarter ended December 31, 2014, an increase of 1.2 percent over the cash distribution of $0.6918 per unit for the quarter ended September 30…
Pollution fines at Turkish ports and Straits have been increased with effect from January 2015.The Turkish authorities are very sensitive and aggressive on all issues concerning water pollution in the country's territorial waters.For this reason…
The Eurasian Economic Union (EEU) officially starts functioning on January 1.The EEU unites Russia, Belarus, Kazakhstan, Armenia, and Kyrgyzstan.The new economic union envisages free flow of capital, goods services, and workforce on a common market including over 170 million people…
GAC Norway AS has been added to the 2014 Gaselle List, a nationally-recognised catalogue of Norwegian businesses that have proven sound finances and sustained growth over a number of years.Introduced by the newspaper Dagens Naeringsliv,…
